“Category: Business”

WASHINGTON, D.C. (December 16, 2020) – The National Retail Federation (NRF), the National Federation of Independent Business (NFIB) and three small-business plaintiffs filed a lawsuit against the state of California’s Division of Occupational Safety and Health Administration (OSHA). The lawsuit challenges the COVID-related emergency regulations enacted November 30, which include extensive requirements for employers to exclude potentially large … Continued

WASHINGTON, D.C. (November 23, 2020) – With retail sales rebounding strongly because of continued consumer resilience, the National Retail Federation (NRF) forecast that holiday sales during November and December 2020 will increase between 3.6 percent and 5.2 percent over 2019, to a total between $755.3 billion and $766.7 billion. The numbers, which exclude automobile dealers, gasoline … Continued

WASHINGTON, D.C. (November 18, 2020) – The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance clarifying the tax treatment of expenses where a Paycheck Protection Program (PPP) loan has not been forgiven by the end of the year the loan was received.  Since businesses are not taxed on the proceeds of a forgiven PPP … Continued

WASHINGTON, D.C. (November 16, 2020) – More than 40 percent of holiday shoppers say they started earlier than they normally do, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. “Retailers have demonstrated their commitment and ability to ensure safe shopping environments for their customers and their associates,” said … Continued

By Nick RigitanoNSGA Director of Insights and Analysis DOWNERS GROVE, ILLINOIS (November 5, 2020) – According to the latest wave of a survey conducted by Irwin Broh Research exploring the shift in consumers’ fitness habits and future purchase behaviors due to the COVID-19 pandemic, both active and on-hold gym memberships declined since May. The number of … Continued

NSGA looks at an Irwin Broh survey on fitness activities and future purchase plans.

RIDGEFIELD, CONNECTICUT (October 14, 2020) – Team-based youth sports have struggled to return to play compared to individual-based sports during COVID-19. Those are the results of a study by Tipevo, which produces an on-line directory for finding, connecting and reviewing youth sports programs in nearly 30 sports across the United States. Tipevo analyzed the social media … Continued

NSGA looked at some key companies for the retail forecast for the 2020 Holiday .

WASHINGTON, D.C. (October 8, 2020) — The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to America’s smallest businesses while also ensuring sound stewardship of taxpayer dollars. “The … Continued